Japanese Chemical Trader blog

Japan Chemical Trading Blog

LINE Applies to List on Tokyo Stock Exchange

On July 16, Nikkei Newspaper reported that an instant messaging app operator LINE Corporation applied for an initial public offering on the Tokyo Stock Exchange.

LINE is a Japanese subsidiary of NAVER Corporation, a South Korean IT company.
According to a relevant source, the company could be valued at more than JPY 1 trillion (about USD10 billion).

LINE aims to take more shares in foreign markets, including the North American market by investing funds acquired through the IPO.
Competition will be fiercer with competitors such as WhatsApp which Facebook acquired in February or Tencent in China.